Common problem

Notice on VAT rate adjustment
       On April 4, 2018, the Ministry of Finance and the State Administration of Taxation issued the Notice of the Ministry of Finance and the State Administration of Taxation on Adjusting the Value-Added Tax Rate (Cai Shui [2018] No. 32). According to the first article of the notice, since May 2018 From the 1st, taxpayers will be subject to VAT taxable sales or imported goods. If the original tax rate is 17% and 11%, the tax rate will be adjusted to 16% and 10% respectively. Accordingly, the goods issued by the company after May 1, 2018 will be subject to a new tax rate of 16%. In order to avoid disputes arising from changes in tax rates, the goods issued by the company will continue to apply the original tax rate of 17% before May 1, 2018, and will issue corresponding VAT invoices before May 1, 2018 (specifically The delivery date contained in the company invoice is subject to the date of delivery.